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Core & Main, Inc.（CNM）与Constellation Brands（STZ）财务数据对比。点击上方公司名可切换其他公司
Constellation Brands的季度营收约是Core & Main, Inc.的1.1倍（$2.2B vs $2.1B），Constellation Brands净利率更高（22.6% vs 6.6%，领先16.0%），Core & Main, Inc.同比增速更快（0.0% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $263.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs 1.9%）
Core & Main, Inc.总部位于美国密苏里州圣路易斯，是美国专业的水务及相关防护产品分销商，主营供水、污水处理、雨水排放、消防防护类产品，客户覆盖市政部门、私营水务企业及专业承包商，在全美49个州设有370个分支机构，服务6万客户，在售产品达22.5万种。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
CNM vs STZ — 直观对比
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.2B |
| 净利润 | $137.0M | $502.8M |
| 毛利率 | 27.2% | 53.2% |
| 营业利润率 | 10.7% | 31.1% |
| 净利率 | 6.6% | 22.6% |
| 营收同比 | 0.0% | -9.8% |
| 净利润同比 | 0.0% | -18.4% |
| 每股收益（稀释后） | $0.72 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.1B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $2.0B | $2.5B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.7B | $2.7B | ||
| Q1 24 | $1.4B | $2.1B |
| Q4 25 | $137.0M | $502.8M | ||
| Q3 25 | $134.0M | $466.0M | ||
| Q2 25 | $100.0M | $516.1M | ||
| Q1 25 | $64.0M | $-375.3M | ||
| Q4 24 | $133.0M | $615.9M | ||
| Q3 24 | $119.0M | $-1.2B | ||
| Q2 24 | $95.0M | $877.0M | ||
| Q1 24 | $63.0M | $392.4M |
| Q4 25 | 27.2% | 53.2% | ||
| Q3 25 | 26.8% | 52.8% | ||
| Q2 25 | 26.7% | 50.4% | ||
| Q1 25 | 26.6% | 51.5% | ||
| Q4 24 | 26.6% | 52.1% | ||
| Q3 24 | 26.4% | 51.8% | ||
| Q2 24 | 26.9% | 52.7% | ||
| Q1 24 | 26.7% | 48.6% |
| Q4 25 | 10.7% | 31.1% | ||
| Q3 25 | 10.2% | 35.2% | ||
| Q2 25 | 8.9% | 28.4% | ||
| Q1 25 | 7.3% | -6.9% | ||
| Q4 24 | 10.9% | 32.2% | ||
| Q3 24 | 10.4% | -42.1% | ||
| Q2 24 | 9.6% | 35.4% | ||
| Q1 24 | 8.1% | 29.4% |
| Q4 25 | 6.6% | 22.6% | ||
| Q3 25 | 6.4% | 18.8% | ||
| Q2 25 | 5.2% | 20.5% | ||
| Q1 25 | 3.8% | -17.3% | ||
| Q4 24 | 6.5% | 25.0% | ||
| Q3 24 | 6.1% | -41.1% | ||
| Q2 24 | 5.5% | 32.9% | ||
| Q1 24 | 4.4% | 18.3% |
| Q4 25 | $0.72 | — | ||
| Q3 25 | $0.70 | — | ||
| Q2 25 | $0.52 | — | ||
| Q1 25 | $0.34 | — | ||
| Q4 24 | $0.69 | — | ||
| Q3 24 | $0.61 | — | ||
| Q2 24 | $0.49 | — | ||
| Q1 24 | $0.34 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $89.0M | $152.4M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | $2.0B | $7.7B |
| 总资产 | $6.3B | $21.7B |
| 负债/权益比越低杠杆越低 | — | 1.33× |
8季度趋势，按日历期对齐
| Q4 25 | $89.0M | $152.4M | ||
| Q3 25 | $25.0M | $72.0M | ||
| Q2 25 | $8.0M | $73.9M | ||
| Q1 25 | $8.0M | $68.1M | ||
| Q4 24 | $10.0M | $73.7M | ||
| Q3 24 | $13.0M | $64.6M | ||
| Q2 24 | $30.0M | $73.8M | ||
| Q1 24 | $1.0M | $152.4M |
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.7B | ||
| Q4 24 | — | $10.7B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $11.1B | ||
| Q1 24 | — | $11.6B |
| Q4 25 | $2.0B | $7.7B | ||
| Q3 25 | $1.9B | $7.5B | ||
| Q2 25 | $1.7B | $7.3B | ||
| Q1 25 | $1.7B | $6.9B | ||
| Q4 24 | $1.7B | $7.8B | ||
| Q3 24 | $1.6B | $7.9B | ||
| Q2 24 | $1.6B | $10.3B | ||
| Q1 24 | $1.5B | $9.7B |
| Q4 25 | $6.3B | $21.7B | ||
| Q3 25 | $6.3B | $21.4B | ||
| Q2 25 | $6.3B | $22.3B | ||
| Q1 25 | $5.9B | $21.7B | ||
| Q4 24 | $6.2B | $22.8B | ||
| Q3 24 | $6.1B | $23.1B | ||
| Q2 24 | $6.0B | $26.1B | ||
| Q1 24 | $5.1B | $25.7B |
| Q4 25 | — | 1.33× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | 1.19× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $271.0M | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $370.9M |
| 自由现金流率自由现金流/营收 | 12.8% | 16.7% |
| 资本支出强度资本支出/营收 | 0.4% | 11.1% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $575.0M | $1.8B |
8季度趋势，按日历期对齐
| Q4 25 | $271.0M | $616.9M | ||
| Q3 25 | $34.0M | $852.1M | ||
| Q2 25 | $77.0M | $637.2M | ||
| Q1 25 | $235.0M | $594.7M | ||
| Q4 24 | $260.0M | $685.2M | ||
| Q3 24 | $48.0M | $1.2B | ||
| Q2 24 | $78.0M | $690.5M | ||
| Q1 24 | $294.0M | $433.2M |
| Q4 25 | $263.0M | $370.9M | ||
| Q3 25 | $24.0M | $634.8M | ||
| Q2 25 | $64.0M | $444.4M | ||
| Q1 25 | $224.0M | $312.1M | ||
| Q4 24 | $252.0M | $456.8M | ||
| Q3 24 | $39.0M | $854.0M | ||
| Q2 24 | $71.0M | $315.2M | ||
| Q1 24 | $289.0M | $76.0M |
| Q4 25 | 12.8% | 16.7% | ||
| Q3 25 | 1.1% | 25.6% | ||
| Q2 25 | 3.3% | 17.7% | ||
| Q1 25 | 13.2% | 14.4% | ||
| Q4 24 | 12.4% | 18.5% | ||
| Q3 24 | 2.0% | 29.3% | ||
| Q2 24 | 4.1% | 11.8% | ||
| Q1 24 | 20.1% | 3.6% |
| Q4 25 | 0.4% | 11.1% | ||
| Q3 25 | 0.5% | 8.8% | ||
| Q2 25 | 0.7% | 7.7% | ||
| Q1 25 | 0.6% | 13.1% | ||
| Q4 24 | 0.4% | 9.3% | ||
| Q3 24 | 0.5% | 11.2% | ||
| Q2 24 | 0.4% | 14.1% | ||
| Q1 24 | 0.3% | 16.7% |
| Q4 25 | 1.98× | 1.23× | ||
| Q3 25 | 0.25× | 1.83× | ||
| Q2 25 | 0.77× | 1.23× | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.95× | 1.11× | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.82× | 0.79× | ||
| Q1 24 | 4.67× | 1.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CNM
| Pipes Valves And Fitting Products | $1.4B | 67% |
| Storm Drainage Products | $333.0M | 16% |
| Meter Products | $195.0M | 9% |
| Fire Protection Products | $152.0M | 7% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
